Senator writes FTC of concern on Valero deal

摘要

The US Federal Trade Commission has received a letter from Sen.Barbara Boxer expressing concern over Valero Energy's planned us8.7-bil takeover of rival independent refiner Premcor,an FTC spokesman confirmed Apr 27."At a time when oil and gasoline prices are already unacceptably high,continued consolidation in the industry will only reduce competition and increase energy costs further," Boxer wrote Apr 26 in a letter to FTC chief Deborah Platt Majoras.